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Jul 17, 2011
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it's washington, as you know. >> this is too big -- it's too big of an issue to play chicken with it. >> you have said you think the debt ceiling has to be raised. >> america should not the default. i sympathize with the people who stay, secretary geithner could be exaggerating, and i don't want to test it. i can tell you that there's not a good thing to default. that's not a good thing to do. particularly for us who are conservative republicans who have a great deal of sense that you have to have a balanced budget and pay your debts and kind of work these things out, and you can compromise somewhat but you can't compromise too much, so i hope -- >> if you were sitting at the table, would you say, yeah, i will agree to closing loopholes to oil and gas companies for 1.5 or 2.5 or any amount of spending cuts? >> i wouldn't do tax increases as a way to compromise. >> any? none? >> if we're going to compromise, let's compromise about the spending decreases and the extent of them. we would like to go a lot further than the democrats would like to go. there is areas of negotiation there. i
it's washington, as you know. >> this is too big -- it's too big of an issue to play chicken with it. >> you have said you think the debt ceiling has to be raised. >> america should not the default. i sympathize with the people who stay, secretary geithner could be exaggerating, and i don't want to test it. i can tell you that there's not a good thing to default. that's not a good thing to do. particularly for us who are conservative republicans who have a great deal of sense...
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Jul 22, 2011
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but a big, sophisticated attack is how this official is putting it. and they also said it could be international, or it could be domestic norwegian. again, very early to make that assumption or that conclusion. >> right. early hours, a lot of information still to come out. i appreciate it. . let's continue this breaking news coverage with my colleague wolf blitzer. >>> a bombing shatters norway to its core. and a shooting at a youth camp. president obama asking for a dialling back of the demonizing. ten days before the deadline, one republican plan gets a firm smackdown in the u.s. senate. and some surprising new movement in the republican presidential race. we're going to tell you who's suddenly making a strong impression on potential voters. i'm wolf blitzer in "the situation room." the breaking news this hour, a city known for peace making is reeling in terror. norwegian leaders holding a crisis meeting tonight after a deadly bomb attack in oslo and the shooting at a labor party youth camp outside the norwegian capital. at least seven people were k
but a big, sophisticated attack is how this official is putting it. and they also said it could be international, or it could be domestic norwegian. again, very early to make that assumption or that conclusion. >> right. early hours, a lot of information still to come out. i appreciate it. . let's continue this breaking news coverage with my colleague wolf blitzer. >>> a bombing shatters norway to its core. and a shooting at a youth camp. president obama asking for a dialling...
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Jul 23, 2011
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we have this big dome or big area of high pressure that's been sitting over the nation's mid-section in the east just baking. that's where you're seeing this heat building. this stretches miles into the atmosphere and that's why we call at it dome. it looks like those covers you put over your dinner plate. it looks like that. that cooler air finally drift southward. that's why we're seeing showers and thunderstorms along the cold front but make it feel better and boston and say new york city as we head into tomorrow. let's do show you a couple of those thunderstorms. here's our radar map to see where they have been blowing on through across the upper midwest, throughout the great lakes and cleveland just about to get hit there as well. a few of these thunderstorms can be severe, ton. mainly wind makers and maybe some hail. >> thank you, jacqui jeras. we have some developing news for you. working in washington where lawmakers and president obama are trying to reach a deal on raising the debt ceiling. there could possibly be some movement. what's going on? >> reporter: i'm standing in
we have this big dome or big area of high pressure that's been sitting over the nation's mid-section in the east just baking. that's where you're seeing this heat building. this stretches miles into the atmosphere and that's why we call at it dome. it looks like those covers you put over your dinner plate. it looks like that. that cooler air finally drift southward. that's why we're seeing showers and thunderstorms along the cold front but make it feel better and boston and say new york city as...
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Jul 22, 2011
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call big pharma were distilling the raw leaf into a new drug. in vienna, dr. freud was fascinated. in 1884, he wrote the first major description, 70 pages, uber coca about cocaine. >> it was the miracle drug. if you had a stomach ache, you were nervous, if you were lethargic, needed energy, if you had tuberculosis, asthma, all sorts of things, it was going to cure what you had. >> reporter: meanwhile, by the mid 1890s, he was flirting with disaster as he wrote in an 1895 letter. >> he probably finally stopped using after he and a friend of his used cocaine on a patient and nearly killed her. >> by then, other doctors worried too. >> too many people were taking too much cocaine and then they were -- these patients were presenting basically as addicts who needed the stuff, they couldn't live without it. and that's when doctors began to say, huh, we better rethink this. >> today we know addiction is at least in part a physical disease. we understand more. >> i would hope that more people are skeptical of grandiose claims of new drugs, new pharmaceu
call big pharma were distilling the raw leaf into a new drug. in vienna, dr. freud was fascinated. in 1884, he wrote the first major description, 70 pages, uber coca about cocaine. >> it was the miracle drug. if you had a stomach ache, you were nervous, if you were lethargic, needed energy, if you had tuberculosis, asthma, all sorts of things, it was going to cure what you had. >> reporter: meanwhile, by the mid 1890s, he was flirting with disaster as he wrote in an 1895 letter....
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Jul 21, 2011
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the big deal is really the deal they should make. i don't like the deal where we kick it down the road for six months. this is the time to make the deal. and i have to tell you, the republicans have the cards. people might not think that, but the republicans have all of the cards. and this is the time to get rid of obama care. this is the time to make the great deal. >> i've been following you on twitter, and you've been pretty aggressive about obama on the economy. you believe that he can't stop spending and that america has to stop spending. one of his beliefs, of course, is that he's got to get rid of these tax incentives for the rich. and look after the guys with no money. why would you oppose that as an ideology? >> well, you know, it's a different world today, piers, where people in this country can form companies in foreign countries, where they pay very little tax, much less tax. and once you start taxing -- and i'm not talking about me. but once you start taxing people that do create jobs and do createness create businesses,
the big deal is really the deal they should make. i don't like the deal where we kick it down the road for six months. this is the time to make the deal. and i have to tell you, the republicans have the cards. people might not think that, but the republicans have all of the cards. and this is the time to get rid of obama care. this is the time to make the great deal. >> i've been following you on twitter, and you've been pretty aggressive about obama on the economy. you believe that he...
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Jul 19, 2011
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and big mistakes were made. and when it came to the phone hacking of the young missing girl, utter outrages. and everybody shares that view. >> piers, i know you're going to have more on this. we'll be watching 9:00. eastern. thanks very much for coming in. >> thank you, wolf. take care. >> anyone who gets migraine headaches knows they can be debilitating. michele bachmann apparently gets them as well. could that be a pro-b for her presidential campaign? and refugees from somalia threatened by drought and starvation. cnn is using its global resources to expose this crisis to the world. supervisor is genius...i transfer. transfer! transfer! transfer! transfer! transfer! hello...my name is... peggy? come on!!! hello? want better customer service? switch to discover. ranked #1 in customer loyalty. it pays to discover. a network of possibilities. in here, the planned combination of at&t and t-mobile would deliver our next generation mobile broadband experience to 55 million more americans, many in small towns and ru
and big mistakes were made. and when it came to the phone hacking of the young missing girl, utter outrages. and everybody shares that view. >> piers, i know you're going to have more on this. we'll be watching 9:00. eastern. thanks very much for coming in. >> thank you, wolf. take care. >> anyone who gets migraine headaches knows they can be debilitating. michele bachmann apparently gets them as well. could that be a pro-b for her presidential campaign? and refugees from...
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Jul 25, 2011
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that's our big question at this point. has the economy suffered any kind of a little bit of a setback. growing more slowly than we had thought or hoped. that's what we'll be looking at this week. it's interesting, there's a conundrum here. corporate profits that have been doing quite well, we're going to be hearing more and more from big companies about how their profits are, but what you're hearing from the ceos, while the profits are coming back, they're finding that the u.s. economy as a whole is subpar so that's what we'll be looking forward to see how that's playing out this week. >> so good to have you back on the show and i will see you in 25 minutes on "american morning." >> 25 minutes. >> and i hope you got a good night of sleep last night because i think you and i will be working hard this week with this debt ceiling stuff. >> i think you're right. >>> now back to our businessman special, apple wants to build the largest store in the world in new york city's grand cen stral station. proposing a 23,000 foot store
that's our big question at this point. has the economy suffered any kind of a little bit of a setback. growing more slowly than we had thought or hoped. that's what we'll be looking at this week. it's interesting, there's a conundrum here. corporate profits that have been doing quite well, we're going to be hearing more and more from big companies about how their profits are, but what you're hearing from the ceos, while the profits are coming back, they're finding that the u.s. economy as a...
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Jul 7, 2011
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so you think funding is the big issue? >> funding is a big issue and the desire to do it. >> desire. what about looking ahead to tomorrow? we heard about possible -- they are evaluating possibly this lightning strike from the site of the launchpad, it's supposed, to fingers crossed, 11:26 tomorrow morning, and, you know, that question is sort of pervasive through all the conversations out here. do you think it's going to happen? when do you think it will happen? do you have any intel, mr. crippen? do you know. >> as far as the lightning strike, i do know they have lots of instrumentation out at the pad. they can go look at that to see whether they think the vehicle needs to go through more testing to make sure it didn't impact it. the big if in my opinion is the weather. there's a high probability of rain. you can't fly the shuttle through rain. some probability of lightning. don't want to get involved with that, but i've seen the weather forecast to be a lot worse, and it all of a sudden it clears and we'd launch. the wea
so you think funding is the big issue? >> funding is a big issue and the desire to do it. >> desire. what about looking ahead to tomorrow? we heard about possible -- they are evaluating possibly this lightning strike from the site of the launchpad, it's supposed, to fingers crossed, 11:26 tomorrow morning, and, you know, that question is sort of pervasive through all the conversations out here. do you think it's going to happen? when do you think it will happen? do you have any...
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Jul 26, 2011
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there's no symptom of big government more menacing than our debt. break its grip and we begin to liberate our economy and our future. we are up to the tax and i hope that president obama will join must this work. god bless you and your family and god bless the united states of america. >> speaker of the house john >> we are staying on top of the story, this is an historic highs in washington, d.c. one mike from tomorrow, the nation will have a default crisis unless there is a compromise, some sort of deal is worked out. i am wolf blitzer washington, special coverage continues right now with "piers morgan tonight." >> thank you for chain with us. >> bible start with you, the talk of compromise, it seems cheat me that both of the equivalent of the bay of pigs, who will blink first? >> the president doesn't have to say because he doesn't have a boat. it was a moment to isolate the republican speaker of the house and urge him to try to change pass and find out to compromise. we heard him hawed speaker peter tight and say you work with the president. i a
there's no symptom of big government more menacing than our debt. break its grip and we begin to liberate our economy and our future. we are up to the tax and i hope that president obama will join must this work. god bless you and your family and god bless the united states of america. >> speaker of the house john >> we are staying on top of the story, this is an historic highs in washington, d.c. one mike from tomorrow, the nation will have a default crisis unless there is a...
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Jul 18, 2011
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. >> mark zandi, we can pass august 2nd and it won't be a big deal. i'll give you a few seconds to look them in the eye and say, you're wrong. >> yeah, i think you're wrong. now, of course, i don't know for sure. this is unprecedented but there is a $23 billion social security payment due on august 3rd that is not at all clear that there will be enough cash in the treasury to make that payment. so i think david is right. why would you want to take that chance? tp doesn't make sense. not for the social security recipients or for the economy or entire global financial system. >> david walker, the president meets with speaker boehner over the weekend and they are clearly not making any tangible progress. the house will go forward this week and senate will most likely vote on a balanced budget amendment and some other things that simply, to be honest, can't pass or even if they did pass the president would veto. they will move to the mcconnell plan and convince the republicans that they have your vote. do those votes undermine confidence in the market in
. >> mark zandi, we can pass august 2nd and it won't be a big deal. i'll give you a few seconds to look them in the eye and say, you're wrong. >> yeah, i think you're wrong. now, of course, i don't know for sure. this is unprecedented but there is a $23 billion social security payment due on august 3rd that is not at all clear that there will be enough cash in the treasury to make that payment. so i think david is right. why would you want to take that chance? tp doesn't make sense....
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Jul 26, 2011
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there is no symptom of big government more menacing than our debt. break its grip and we begin to liberate our economy our future. we are up to the task. i hope president obama will join us in this work. god bless you and your family and god bless the united states of america. >> so now we've heard from the speaker of the house and the president of the united states. different perspectives, different perspectives indeed. the speaker speaking for bonl five minutes. the president about 15 minutes. the major difference is whether or not another vote will be required next year to deal with these problems. the speaker saying yes, indeed. up to congress to have another vote next year. the president saying he wouldn't go along with that. he doesn't want to put the country through that one more time. we're staying on top of this story. this is an historic night in washington, d.c. one week from tomorrow, the nation will have a serious default crisis unless there is a compromise. unless the deal is worked out in the coming days. our special coverage continues
there is no symptom of big government more menacing than our debt. break its grip and we begin to liberate our economy our future. we are up to the task. i hope president obama will join us in this work. god bless you and your family and god bless the united states of america. >> so now we've heard from the speaker of the house and the president of the united states. different perspectives, different perspectives indeed. the speaker speaking for bonl five minutes. the president about 15...
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Jul 22, 2011
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no big deal. time after time as far as weather-related fatalities are concerned, heat is number one. more than hurricanes, more than tornados and more than floods. this needs to be taken seriously and you need to do what you can do to stay cool and give those a break outside in the heat. heat advisories for a good 29 or so states. heat indices are up over 110 and 120 in some areas. with that we have temperatures dangerously hot. it's peaking across parts of the northeast. the i-95 corridor we see the bulk of the heat. right now we look at temperatures that feel like they're up and over 110 degrees. 111 right now is the heat index in atlantic city, 110 in d.c. not only do we see temperature that is feel like they're over 110 degrees today, but we'll feel them tomorrow as well. the heat will break on sunday. until then it's dangerously hot. the actual temperatures alone as measured in the shade, don, without humidity we could set all-time record highs in some larger cities. it's going to be a histor
no big deal. time after time as far as weather-related fatalities are concerned, heat is number one. more than hurricanes, more than tornados and more than floods. this needs to be taken seriously and you need to do what you can do to stay cool and give those a break outside in the heat. heat advisories for a good 29 or so states. heat indices are up over 110 and 120 in some areas. with that we have temperatures dangerously hot. it's peaking across parts of the northeast. the i-95 corridor we...
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Jul 29, 2011
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we have a very big problem. i appreciate the speaker's effort to try to get something through when you have a senate that won't have a debate, but we need a bill that solves the problem long term. i don't think it does enough. i'm optimistic we can still do a better job to solve our nation's problems. >> have you been called in by the leadership this afternoon? >> i have not been called in. i made it clear early on i think we can do better. >> what are you hearing from the republicans? i think we need you to join with us. specifically, what are they saying? >> this is very important. this is the only thing that can happen. then we hear a word that may be tabled in the senate, again. my concern is with the senate that refuses to vote on any plan. the balanced budget amendment has to be done. when we hear about downgrades and defaults, my concern is a bill like this is not good enough to avoid a downgrade. >> is there anything that would satisfy you now? if the speaker said i need to know what you want, what do yo
we have a very big problem. i appreciate the speaker's effort to try to get something through when you have a senate that won't have a debate, but we need a bill that solves the problem long term. i don't think it does enough. i'm optimistic we can still do a better job to solve our nation's problems. >> have you been called in by the leadership this afternoon? >> i have not been called in. i made it clear early on i think we can do better. >> what are you hearing from the...
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Jul 9, 2011
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the other thing, as diane said, it has a big, big chance of contagion. what happens in greece could trigger then portugal. it could trigger something in ireland. maybe even something in italy. that then has a real impact on u.s. banks. there's a lot of counterparty activity there. there's also a lot of confidence impact. what happens when people suddenly see other people can't pay their debts is that they stop lending. the financial system starts to seize. it seizes up. that's exactly what happened two years ago. we don't want to see that happen again. >> diane, it's interesting, the president talking about the debt ceiling recently. not to get into the debt ceiling. i want to stay with greece for a minute. he said, we can't afford to have unpredictable things going on in the global economy right now. that's what this is about. we don't need anything unpredictable. >> we have frankly far too much unpredictable. we have a lot of uncertainty in the global economy. anything we can do to reduce that uncertainty at this stage of the game will help. we're two
the other thing, as diane said, it has a big, big chance of contagion. what happens in greece could trigger then portugal. it could trigger something in ireland. maybe even something in italy. that then has a real impact on u.s. banks. there's a lot of counterparty activity there. there's also a lot of confidence impact. what happens when people suddenly see other people can't pay their debts is that they stop lending. the financial system starts to seize. it seizes up. that's exactly what...
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that's kind of the next big question. coming up next hour, i also want to share some sound from a woman who was just breathless, wiping away tears. this particular launch was so emotional for her and the three generations of family she brought here to florida. back to you. >> brooke, thanks so much. we'll see you next hour. >>> well, they were promised a revolution. so far all they've gotten is a bunch of talk. up next, tens of thousands of protestors pack egypt's tehrer square. their message? give us reform now. >>> plus a horrifying story out of texas caught on camera. a fan trying to catch a ball falls 20 feet. that is coming up next. ♪ ♪ look at that car, well, it goes fast ♪ ♪ givin' my dad a heart attack ♪ [ friend ] that is so awesome. ♪ i love my car [ engine revving ] [ male announcer ] that first chevy, yea, it gets under your skin. ♪ you can do this... get the ball, girl. hmmm, you can't do that. but you can do this. bengay pain relief + massage with penetrating nubs plus the powerful pain relief
that's kind of the next big question. coming up next hour, i also want to share some sound from a woman who was just breathless, wiping away tears. this particular launch was so emotional for her and the three generations of family she brought here to florida. back to you. >> brooke, thanks so much. we'll see you next hour. >>> well, they were promised a revolution. so far all they've gotten is a bunch of talk. up next, tens of thousands of protestors pack egypt's tehrer square....
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there's no symptom of big government more menacing than this. we're up to the task. i hope president obama will join us in this work. >> all right. love that home-spun economics. the key is to make money through higher taxes. that's the other approach, the one that speaker boehner says is destined to fail. >> the president says we need a balanced approach which in washington means we spend more and you pay more. i mean run a small business? i know those tax increases will destroy jobs. the president is adamant that we cannot make fundamental changes to our entitlement programs. as the father of two daughters i know the programs won't be there for them unless significant action is taken now. >> the political wrangling. both obama and boehner were trying to get them to strike the deal. the sun has set on yet another day without agreement, meaning a default may be just a week away. >>> two very political speeches from president obama and house speaker john boehner, who back two very different plans to raise the debt ceiling. from president obama he clearly endorsed the
there's no symptom of big government more menacing than this. we're up to the task. i hope president obama will join us in this work. >> all right. love that home-spun economics. the key is to make money through higher taxes. that's the other approach, the one that speaker boehner says is destined to fail. >> the president says we need a balanced approach which in washington means we spend more and you pay more. i mean run a small business? i know those tax increases will destroy...
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the big question we have is where are revenues in all this? we can talk about that in a minute. let's take a quick break. we'll be right back. >> the clerk will call the roll. ♪ ♪ ♪ ♪ look at that car, well, it goes fast ♪ ♪ givin' my dad a heart attack ♪ [ friend ] that is so awesome. ♪ i love my car [ engine revving ] [ male announcer ] that first chevy, yea, it gets under your skin. ♪ >>> we're taking a look at the picture of the senate floor. the senator from maryland is speaking right now. we just heard from the senate majority leader, harry reid, who told us that he believes they are close to an agreement, which is something that senate mitch mcconnell told us earlier today. i'd like to play for you now, while we're waiting to hear from senator mitch mcconnell on the senate floor, something gene sperling, the director of the national economic council, told me. he said that tax cuts are not on the table for about a year and a half. let's take a listen. thanks for being with us this morning. >> thanks for having me. >> i know you're working around the clock
the big question we have is where are revenues in all this? we can talk about that in a minute. let's take a quick break. we'll be right back. >> the clerk will call the roll. ♪ ♪ ♪ ♪ look at that car, well, it goes fast ♪ ♪ givin' my dad a heart attack ♪ [ friend ] that is so awesome. ♪ i love my car [ engine revving ] [ male announcer ] that first chevy, yea, it gets under your skin. ♪ >>> we're taking a look at the picture of the senate floor. the senator...
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Jul 27, 2011
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a big problem. they're now scrambling to rewrite the bill and it is unclear what will really happen. they were spending all day today trying to sell the bill to their members, gloria. not rewrite it'll. >> so what happens? we weren't sure he had the votes before to pass it in the house. now it looks even less likely, right? >> definitely seems like more problem, more headaches added to the speaker's plate. unclear. what we were told as this was happening, they were aiming for a vote tofmorrow. unclear. definitely, very easy to understand that it would be even a bigger problem selling this to house conservative who's were already complaining that this bill didn't go far enough. >> and clearly, kate, the speaker does not want to lose. so thank you very much. and stay on top of that story. it is important. meanwhile tonight, we're getting some mixed messages out of the white house, too. just a short time ago on cnn, white house communications director dan pfeiffer told jessica yellin that president oba
a big problem. they're now scrambling to rewrite the bill and it is unclear what will really happen. they were spending all day today trying to sell the bill to their members, gloria. not rewrite it'll. >> so what happens? we weren't sure he had the votes before to pass it in the house. now it looks even less likely, right? >> definitely seems like more problem, more headaches added to the speaker's plate. unclear. what we were told as this was happening, they were aiming for a vote...
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Jul 17, 2011
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but whether the house republicans would accept that or not, it's a big, big question. it seems to me that's the lead horse. that's the lead solution, a version of the mcconnell plan, with throwing in the spending which i think would be a good idea which leaves $1.5 trillion of spending cuts. the republicans have been sending some signals and in which case -- >> that's exactly right. diane is a chief economist. diane, ben bernanke called it calamatist not to raise the debt ceiling. both have warned that they will downgrade the always u.s. stall lar aaa credit rating. let's tall about consequences from an economist perspective. if the u.s. fails to raise the debt ceiling on august 2nd, what does it mean for our already struggling economic recovery? >> well, it's incredibly bad news. it could be enough to push us into a recession, depending on how far immediately they would have to do 40 to 45% cuts in spending just right off the top of the board. how long that would last? my plan would be that i would stop paying congress for not doing their job and i think the real issu
but whether the house republicans would accept that or not, it's a big, big question. it seems to me that's the lead horse. that's the lead solution, a version of the mcconnell plan, with throwing in the spending which i think would be a good idea which leaves $1.5 trillion of spending cuts. the republicans have been sending some signals and in which case -- >> that's exactly right. diane is a chief economist. diane, ben bernanke called it calamatist not to raise the debt ceiling. both...
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Jul 19, 2011
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what you'd get under the big-ticket scenario is a drawing off the line. that's your $172 billion. the government is out of money if you don't increase the debt ceiling. what gets cut? military pay. wouldn't get their checks under this scenario. veterans checks, irs refund. if you're waiting for one you wouldn't get it. nutrition services, foods stamps, wouldn't get paid. federal salaries, education department, other and you heard him mention foreign aid to the palestinians. you have to make the choices and cut it off right here. that's one way. suppose you decided instead we'll put a priority on the social safety net. under this scenario, interest gets paid, social security gets paid, medicare and medicaid and those nutrition services that got cut off last time, you could pay them. housing grants would go out. veterans affairs, unemployment, education and tuition assistance. but under this set of priorities your line is down here and then you're at or slightly above that $172 billion. you cover most of the social safety net here but defense vendors wouldn't get paid. active duty m
what you'd get under the big-ticket scenario is a drawing off the line. that's your $172 billion. the government is out of money if you don't increase the debt ceiling. what gets cut? military pay. wouldn't get their checks under this scenario. veterans checks, irs refund. if you're waiting for one you wouldn't get it. nutrition services, foods stamps, wouldn't get paid. federal salaries, education department, other and you heard him mention foreign aid to the palestinians. you have to make the...
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let's talk about the other big story happening right now. sure, it is july, but the sweltering heat that's gripping much of the country right now is really nothing to brush off. i know you heard the word dangerous a lot, but know this. this heat wave has already killed as many as 22 people, 13 of them in kansas city, missouri alone, and as of today excessive heat warnings stretch from nebraska all the way to maine. in boston people are changing their routines. >> always running in the morning, but this week particularly because it's so hot i'm here at 4:30. >> reporter: >> all right. to sioux falls, south dakota, the heat isn't causing streets just to buckle. they are bursting. listen. >> we're seeing several areas across town where this concrete is blowing up. >> this is how hot it is in new haven, connecticut. a bridge is swollen shot. crews are out there trying to shave about an inch off the bridge to get it to open up before the weekend. the heat is putting pressure on the power grid, too. chicago's heat index has been well above 100 for
let's talk about the other big story happening right now. sure, it is july, but the sweltering heat that's gripping much of the country right now is really nothing to brush off. i know you heard the word dangerous a lot, but know this. this heat wave has already killed as many as 22 people, 13 of them in kansas city, missouri alone, and as of today excessive heat warnings stretch from nebraska all the way to maine. in boston people are changing their routines. >> always running in the...
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. >> that's the big question and the big factor at the center of all of this. they don't have a lot of time and they need to move both of these through both chambers of congress and somehow reconcile them, how they're going to do that. >> let me go back to the white house. it looks like these two plans, they're obviously a senate plan by majority leader harry reid and house plan by speaker john boehner. does the white house feel sidelined or left out of thf process? >> i had this question, too, and i talked with one official who said the president can't be sidelined. he is the president. he has the power of the veto pen. he's the one who says ultimately if something moves. although inthe thought is if he was given a plan that could get through congress, i think the thought is how could he do anything but sign it? but certainly the president and the white house have been very much in touch with senate democrats and the roll right now is that senate majority leader harry reid is pretty much the president's lifeline through this at this point. but there's no doubt
. >> that's the big question and the big factor at the center of all of this. they don't have a lot of time and they need to move both of these through both chambers of congress and somehow reconcile them, how they're going to do that. >> let me go back to the white house. it looks like these two plans, they're obviously a senate plan by majority leader harry reid and house plan by speaker john boehner. does the white house feel sidelined or left out of thf process? >> i had...
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Jul 30, 2011
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you heard harry reid speak moments ago, a big thumbs down over there, and then -- then -- we will move on. but the number of votes on either side really doesn't matter so much as this number. the number of days and hours now left until the money runs out. this is what we've been warning about for weeks and weeks. still, the vote today was enough to allow the republicans to spike the ball into boehner's court. and he did so with a vengeance. >> i struck my neck out a mile to try and get in agreement with the president of the united states. i stuck my neck out a mile. and i put revenues on the table. in order to try to come to an agreement to avert us being where we are. but a lot of people in this town can never say yes. a lot of people can never say yes. this house has acted. and it is time for the administration and time for our colleagues across the aisle, put something on the table. tell us where you are! >> well, over in the senate, what they are putting on the table is mr. boehner's bill. they'll kill it over there. that's under way right now. we'll let you when the voting is done
you heard harry reid speak moments ago, a big thumbs down over there, and then -- then -- we will move on. but the number of votes on either side really doesn't matter so much as this number. the number of days and hours now left until the money runs out. this is what we've been warning about for weeks and weeks. still, the vote today was enough to allow the republicans to spike the ball into boehner's court. and he did so with a vengeance. >> i struck my neck out a mile to try and get in...
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Jul 23, 2011
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big changes in the atmosphere. hopefully, that will be due to the big area of high pressure that we've been calling a heat dome. it's expected to slide a little bit farther stoto the south and when that happens, it will create a void and what will move is an area of low pressure and that will bring cooler temperatures for places like new york and eventually washington, d.c. where instead of triple digit heat, you'll see the temperatures cool down into the 90s and overnight lows into the 70s for washington, d.c. one more thing as we wrap things up. as we see these air masses, these contrasting air masses move, the result has been some scattered showers and some strong thunderstorms. if you happen to be in chicago and you're at the airport, you know about the delays you've had. all due to, again, that problem sweeping across the great lakes. we're going to talk more about that coming up throughout the morning. and of course, t.j., more on that heat. big story for us. back to you. >> reynolds, we appreciate you as alw
big changes in the atmosphere. hopefully, that will be due to the big area of high pressure that we've been calling a heat dome. it's expected to slide a little bit farther stoto the south and when that happens, it will create a void and what will move is an area of low pressure and that will bring cooler temperatures for places like new york and eventually washington, d.c. where instead of triple digit heat, you'll see the temperatures cool down into the 90s and overnight lows into the 70s for...
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Jul 23, 2011
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he was always striving for a big deal. from the speaker's perspective, the white house at the last minute from their view moved the goal posts. they -- what it sounds like, not only comes to some agreement on a framework, but they were talking real details on some of these proposals, having to do with cuts and spending cuts and medicare and enconstitutitlemen all that. after this agreement that they have come to -- it had reached, they say the white house moved the goal posts. and in their view, speaker bane her to step back, take stock of the situation and really look at the calendar very seriously. as he said had, to do something because the white house's vision was not in line with that of congress. and that's why speaker boehner has now made this very aggressive move saying he's now just working with congress on this. >> jessica, we're running very tight on time tonight. i want to get through a lot fast. is there a sense when you look at the numbers that both sides talk about, even if you take their conflicting version
he was always striving for a big deal. from the speaker's perspective, the white house at the last minute from their view moved the goal posts. they -- what it sounds like, not only comes to some agreement on a framework, but they were talking real details on some of these proposals, having to do with cuts and spending cuts and medicare and enconstitutitlemen all that. after this agreement that they have come to -- it had reached, they say the white house moved the goal posts. and in their...
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it's a really big issue. it's going to become much more prominent as the week progresses if this is not all resolved. >> a lot of people weighing in even overseas. allan chernoff, thanks so much. zain verjee, we were talking about this yesterday. i think the british financial secretary yesterday calling us nutters. i have never heard that word before, but basically we are losing a lot of street cred when it comes to our politics because of, you know, the bickering back and forth. >> reporter: right. nutter, otherwise also pronounced nuers means this is crazy. get straight to the headlines here. this is what the independents say in the uk. raising the debt ceiling may not be enough to prevent financial disaster. it says with drama of an episode of "mcgyver." the items action series president obama -- primed to rip through the financial markets one week from now. check this out. wj wnel says structural change will only succeed if it's a company by a moral argument unabashed cultural defense of the free flis sys
it's a really big issue. it's going to become much more prominent as the week progresses if this is not all resolved. >> a lot of people weighing in even overseas. allan chernoff, thanks so much. zain verjee, we were talking about this yesterday. i think the british financial secretary yesterday calling us nutters. i have never heard that word before, but basically we are losing a lot of street cred when it comes to our politics because of, you know, the bickering back and forth. >>...
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for years networks have been paying for big interview. they deny it, saying they're providing licensing fees for photos or videos, but it's a fig leaf and everyone knows it. abc news has been one of the worst offenders paying casey anthony $200,000 shortly before she was indicted in the murder of her young daughter and $10,000 to $15,000 to meagan broussard, one of her online pals. but this week i learned abc is getting out of the checkbook business under pressure from chris cuomo, who did the interview, the network is banning payments except perhaps in extraordinary circumstance. spokesman ben sherwood says the payments have become a crutch. will other networks follow suit or score more exclusives with abc out of the pay to play game? >>> here's what bothers me about the latest coverage of piers morgan. i don't have a clue if he had knowledge of phone hacking when he was the daily editor. but they've convicted him with very little evidence, such as when he was asked about the nasty down in the gutter stuff in a 2009 interview with bbc ra
for years networks have been paying for big interview. they deny it, saying they're providing licensing fees for photos or videos, but it's a fig leaf and everyone knows it. abc news has been one of the worst offenders paying casey anthony $200,000 shortly before she was indicted in the murder of her young daughter and $10,000 to $15,000 to meagan broussard, one of her online pals. but this week i learned abc is getting out of the checkbook business under pressure from chris cuomo, who did the...
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if they manage to defeat this vote today, this is going to be a big, big problem for markets. if they don't, you may see markets continue to tread water until there is a solution to this. now, remember, speaker boehner's plan is not likely one that is going to pass the senate. not likely one that is going to get past the president. the bottom line if there is some sense boehner has better control of h over hi members you may see markets allowing a little bit more time. right now markets are largely relaxing but ready to move if this doesn't go the right way. >> thanks, guys. >>> at the bottom of the hour, we will go to wall street for the opening bell and answer a question many of us have right now -- should we take our money out of the stock exchange and where do we put it if so. we will talk to a financial analyst about that. >>> cnn obtained dramatic new video taken minutes after the bombing of the government buildings in norway. it was shot by a hamburg who works in oslo and driving through a tunnel beneath the city's government plaza when the bomb went off. eight people k
if they manage to defeat this vote today, this is going to be a big, big problem for markets. if they don't, you may see markets continue to tread water until there is a solution to this. now, remember, speaker boehner's plan is not likely one that is going to pass the senate. not likely one that is going to get past the president. the bottom line if there is some sense boehner has better control of h over hi members you may see markets allowing a little bit more time. right now markets are...
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Jul 30, 2011
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but if you raise the debt ceiling and don't cut spending, you'll have the same big problems. that's the answer to your question. the compromise has to cut spending. we have to respond to what everybody in america is saying and what the world credit markets are saying which is our problem isn't the debt ceiling. our problem is the debt. >> cutting spending and the balanced budget amendment are two different things. one may accomplish the other, but this they are still separate things. is the balanced budget amendment a drop-dead requirement? >> i don't have a drop-dead requirement? i have a whole host of things that my constituents have sent me here to do. cutting spending is one thing and balancing the budge set another thing. what we can do right now is make sure we're cutting spending today. don't give me a deal that cuts spending ten years down the road. show me what you're going to do this year and next year, before americans go back to the polls. >> simple but sort of strange question. are you happy tonight? >> i'm not happy tonight. we started this process back in febru
but if you raise the debt ceiling and don't cut spending, you'll have the same big problems. that's the answer to your question. the compromise has to cut spending. we have to respond to what everybody in america is saying and what the world credit markets are saying which is our problem isn't the debt ceiling. our problem is the debt. >> cutting spending and the balanced budget amendment are two different things. one may accomplish the other, but this they are still separate things. is...
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go, big money! i mean, go. it's your break, honey. same coverage, more savings. now, that's progressive. call or click today. >>> 15 days until the treasury says it will run out money. a tea party leader says don't raise the debt seeing and he says president obama is lying about the consequences if we don't. "keeping them honest" about what many republicans believe is central to solving the long-term problem. a constitutional amendment to balance the budget. they vote on "cup, cap and balance." cutting spending to 2004 levels and caps it and freezes it right there and calls for a balanced budget amendment to the constitution. >> all that we ask in this bill is that we simply allow the states to weigh in, should the federal government live under a balanced budget amendment. should they do that? >> i don't understand why people won't vote for the a balanced budget amendment because it's the only discipline that will ever force the politics of washington to meet the responsibilities of washington. >> let's do something historic. let's, for the first time in american
go, big money! i mean, go. it's your break, honey. same coverage, more savings. now, that's progressive. call or click today. >>> 15 days until the treasury says it will run out money. a tea party leader says don't raise the debt seeing and he says president obama is lying about the consequences if we don't. "keeping them honest" about what many republicans believe is central to solving the long-term problem. a constitutional amendment to balance the budget. they vote on...
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this is a big debate. even when we have this vote on the debt ceiling, it doesn't begin to solve the problem with spending and debt reform going forward. one vote. i am proud of baper for getting as far as he has gotten. >> you are our democratic strategist. is this an embarrassment? >> it's an embarrassment to the united states of america that we cannot get people to sit down and collaborate and compromise and come up with a solution. the republicans won this debate, this round of this debate. i will tell you why. both sides are talking about spending cuts. cuts that will alter our landscape forever. senior citizens, elderly, the disabled. veterans and others, it's time to come up with a deal that the american people will have to swallow hard and go ahead and pass this this weekend so that our dollar is not weakened. our interest rates will not go up. those are us with a little bit of money, we saw it sleep away yesterday. if we let this default happen, i don't care if you are tea party or independent or
this is a big debate. even when we have this vote on the debt ceiling, it doesn't begin to solve the problem with spending and debt reform going forward. one vote. i am proud of baper for getting as far as he has gotten. >> you are our democratic strategist. is this an embarrassment? >> it's an embarrassment to the united states of america that we cannot get people to sit down and collaborate and compromise and come up with a solution. the republicans won this debate, this round of...
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big events. >> i remember when innovation 13 -- >> no. but i know there are people, and that's why comic-con is so famous and popular that to do that. it's under way in san diego. kicked off yesterday. 125,000 fans a lot of them attending in full koss tulle. the guys fr s fros from "twilig" actors come to meet fans and also take part in panel discussions. >>> a little country and a little showgirl. shut down part of the famous strip to protest resort fees charged at many las vegas hotels. they're not usually included in the advertised room rate. a gesture of solidarity with the american consumer. i should tell you, they were all -- it's all tied to one particular resort that doesn't charge resort fees. not sure if it was really a protest as much as a -- >> made for quite a show. didn't it? >> yeah. >>> pretty amazing. this right sheer pretty amazing. my ipad that's streaming cnn video live. just showing this. see that convention? there's the actors from "twilight." watch cnn live, available at cnn.com/video. let me show you, do it that wa
big events. >> i remember when innovation 13 -- >> no. but i know there are people, and that's why comic-con is so famous and popular that to do that. it's under way in san diego. kicked off yesterday. 125,000 fans a lot of them attending in full koss tulle. the guys fr s fros from "twilig" actors come to meet fans and also take part in panel discussions. >>> a little country and a little showgirl. shut down part of the famous strip to protest resort fees charged...
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>> that would be a big step. and if it didn't succeed, tom, a huge valiant one to two to three to four-month effort at building a movement behind a balanced budget amendment. you know, part two of the boehner plan is there will be another tranche of potential debt ceiling raise down the road -- >> so let me make sure i understand. if you could get the vote, if democrats and republicans say we will have a vote on a balanced budget amendment, even if it failed, you would say this is a victory of a sort and we can move forward? >> it's movement in the right direction. is it enough, tom, for a guy like me right now? no. i need passage out of both houses. i know that's a tall lift. but i really want my leadership to keep pushing for that. and let's see how this plays out. >> all right. well, i understand -- i fully understand your position, the sense that as you said this is a once in 100-year opportunity for people like you to push the way you are. and we'll see how it plays out. congressman, thanks so much for being
>> that would be a big step. and if it didn't succeed, tom, a huge valiant one to two to three to four-month effort at building a movement behind a balanced budget amendment. you know, part two of the boehner plan is there will be another tranche of potential debt ceiling raise down the road -- >> so let me make sure i understand. if you could get the vote, if democrats and republicans say we will have a vote on a balanced budget amendment, even if it failed, you would say this is a...
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the big problem is they want to avoid another vote. they just don't want to go through it again six months down the line. i was talking to a senior democratic aide today who outlined for me four completely different scenarios under which actually reid's bill, which is different from boehner's bill, but not that different, could overtake boehner, could be attached to boehner's bill, and they're trying to figure out a way that they can get out of it. i think all eyes now are on the senate republican leader mitch mcconnell. as you know, john, he's pretty good with this kind of maneuvering, and one senate democrat said today we need mcconnell to step up and give the big-boy talk to republicans. >> he'll wait for the right moment i think and give the talk. david, i was out of town for a couple of days, i was at an event, my oldest esest son's co campus visit, and a lot of people asked, why does washington look the same? or worse? and i want to show our viewers a little bit of a sample here, where did this guy go? >> i believe that the size
the big problem is they want to avoid another vote. they just don't want to go through it again six months down the line. i was talking to a senior democratic aide today who outlined for me four completely different scenarios under which actually reid's bill, which is different from boehner's bill, but not that different, could overtake boehner, could be attached to boehner's bill, and they're trying to figure out a way that they can get out of it. i think all eyes now are on the senate...
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it's to protect special interest tax breaks for big corporations. we had the corporate jet loophole and big oil and gas companies and folks at the very top of the income ladder. i listen to my friend kevin say these are all small businesses. as you pointed out it just isn't true. >> and for the latest political news, you know exactly where to go, cnn politics.com. woman: saving for our child's college fund was getting expensive. man: yes it was. so to save some money, we taught our 5 year old how to dunk. woman: scholarship! woman: honey go get him. anncr: there's an easier way to save. get online. go to geico.com. get a quote. 15 minutes could save you 15% or more on car insurance. >> this is the celebration before the hard work begins. people of south sudan this weekend welcome their independence and world recognition as africa's 54th country. they have fought a civil war for 50 years. embassy for the republic of south sudan also opened yesterday in washington d.c. the man in the cowboy hat, take a look right there is the new and first president o
it's to protect special interest tax breaks for big corporations. we had the corporate jet loophole and big oil and gas companies and folks at the very top of the income ladder. i listen to my friend kevin say these are all small businesses. as you pointed out it just isn't true. >> and for the latest political news, you know exactly where to go, cnn politics.com. woman: saving for our child's college fund was getting expensive. man: yes it was. so to save some money, we taught our 5 year...
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so they're warning the u.s., be careful. >> that is a big deal, pushing us into recession is a big problem. zain, thank you very much. we'll chat with you later. >>> on this day in history back in 1981 i thing you remember this. prince charles and princess diana were married. for those of you keeping track of it. prince william and kate middleton celebrating their three-month anniversary today. ♪ [ engine revving ] [ male announcer ] 125 years ago... we invented the automobile. ♪ and 80,000 patents later, we're still reinventing it. ♪ it's no coincidence that the oldest car company has the youngest and freshest line in the luxury class. mercedes-benz. see your authorized mercedes-benz dealer for exceptional offers on the c-class. ♪ >>> good morning. it's july 29th. this is your a.m. "wake-up call." i'm ali velshi. it's 46 minutes after the hour now. about that vote on thursday, it didn't happen. congress made a liar out of me. there could be a vote today unless there isn't a vote today. here's the current u.s. debt ceiling. $14.3 trillion. i know that. i also know tuesday's deadlin
so they're warning the u.s., be careful. >> that is a big deal, pushing us into recession is a big problem. zain, thank you very much. we'll chat with you later. >>> on this day in history back in 1981 i thing you remember this. prince charles and princess diana were married. for those of you keeping track of it. prince william and kate middleton celebrating their three-month anniversary today. ♪ [ engine revving ] [ male announcer ] 125 years ago... we invented the automobile....
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but there's a big problem. neither of those plans may be able to get through congress and the clock is ticking. cnn congressional correspondent kate boulwan joins us now. let's start in the house where speaker john boehner has laid out his version of the republican solution. spell it out for us. >> reporter: a lot of details to it, jessica, but what it really comes down to is the length of the increase, if you will. house speaker john boehner is calling for two votes in order to raise the debt ceiling. first, a vote that would come with $1.2 trillion in spending cuts to get the country through early next year and another vote would be required that would get the to 2013. but only if, and this is the important part, if congress would approve the spending cuts attached to that, or the deficit reduction measures attached to that that would come from a newly created committee, and that of course is the big hangup with democrats. they are very much opposed to having to vote for a second time to raise the debt ceilin
but there's a big problem. neither of those plans may be able to get through congress and the clock is ticking. cnn congressional correspondent kate boulwan joins us now. let's start in the house where speaker john boehner has laid out his version of the republican solution. spell it out for us. >> reporter: a lot of details to it, jessica, but what it really comes down to is the length of the increase, if you will. house speaker john boehner is calling for two votes in order to raise the...
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we will see just how big this ends up being. clearly, it is a significant development in light of what we have seen just sunday, just yesterday, when the news of the world decided to shut down because of its own alleged bad behavior. i want to go back to following what president obama is going to be saying very shortly out of the white house briefing room. obviously, bringing us up to speed about these negotiations that are taking place, democrats, republicans and the president over raising the debt limit, the debt ceiling and what this means in terms of budget cuts, what it means in terms of tax hikes and where they are in this deal. i want to bring back our financial analyst, ali velshi. ali, there is something that is very curious here. we have heard from the treasury secretary, geithner. we have also heard from them too. debt ceiling talks, really important. both of them linking it here. they don't really necessarily have to do with one another. do we think we are going to hear from the president? is he going to make a conne
we will see just how big this ends up being. clearly, it is a significant development in light of what we have seen just sunday, just yesterday, when the news of the world decided to shut down because of its own alleged bad behavior. i want to go back to following what president obama is going to be saying very shortly out of the white house briefing room. obviously, bringing us up to speed about these negotiations that are taking place, democrats, republicans and the president over raising the...
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her mom said she knew he'd be big but not this big. dak tors attribute his large size to gestational diabetes. his mom said he'll be fine. his dad says he sees football in his son's future. oh, yes. >> 16 pounds? >> 16 pounds. >> jermichael. she gave birth to a small man? >> what? >> that's giving birth to a small man, if they're that size. >> all right. >>> time now for our ridiculist. tonight we're adding the octomom haters. all those who dare to disparage single mom nadya suleman who hassle 14 kids including her 2-year-old octuplets. and one kristen johnson of "third rock from the sun." tmz reports that she was on a flight from l.a. to new york with octomom and her kids and did the eight screaming 2-year-old annoyed her so much she asked octomom to keep it down. she asked kristen how she was supposed to do that to which she supplied, get more help at which time, octomom said, get a life. i happen to believe children are our future. octomom is 14 times more concerned about the future than the rest of us. wrap your mind around that li
her mom said she knew he'd be big but not this big. dak tors attribute his large size to gestational diabetes. his mom said he'll be fine. his dad says he sees football in his son's future. oh, yes. >> 16 pounds? >> 16 pounds. >> jermichael. she gave birth to a small man? >> what? >> that's giving birth to a small man, if they're that size. >> all right. >>> time now for our ridiculist. tonight we're adding the octomom haters. all those who dare to...
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and that's big news. you can be sure, jessica, that what the house speaker does not want to be doing right now is having to rewrite his bill. they were aiming to be voting on this bill tomorrow, so right now we're told that they're kind of scra scrambling to work it out and rewrite it, and he wants to meet the pledges that the cuts in the bill will be larger than the debt ceiling increased. and the cost estimates that came out by the cbo, it falls short, and that's a problem because it goes counter to the pledge i just said and it's also a problem because they're in the middle of working very hard to try to sell this plan. house conservatives are unhappy and house democrats are trying to get a united front to vote against this plan, and that does not leave the speaker a large margin of error to pass this legislation. jessica? >> all right, thanks so much, kate bolduan reporting for us from capitol hill. i'm grateful. >>> let's turn now to republican congressmen scott garrett from new jersey who is a membe
and that's big news. you can be sure, jessica, that what the house speaker does not want to be doing right now is having to rewrite his bill. they were aiming to be voting on this bill tomorrow, so right now we're told that they're kind of scra scrambling to work it out and rewrite it, and he wants to meet the pledges that the cuts in the bill will be larger than the debt ceiling increased. and the cost estimates that came out by the cbo, it falls short, and that's a problem because it goes...
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>> it's a very big risk, anderson. there's two different events here and it's hard to keep them separated from each other. the first is getting the debt sealing lifted. that's the critical negotiation under way now. even if we get it lifted, eric's right. standard & poor's is saying even if you get it lifted it's how much you're willing to cut the deficits that they will really judge the triple-a rating of the united states on and if it's something less than $3 to $4 trillion in real cuts they're going to lower the credit rating of the united states for the first time in our history. we've had it since 1917 we've been triple-a. there's a growing sense at top levels here in washington that the chances of a credit rating downgrade is becoming more than just a possibility but moving towards a probability. >> april, for those who haven't been following this as closely as everybody in washington and a lot of other folks have been following it, where do the -- do both plans stand right now? you have harry reids and john boeh
>> it's a very big risk, anderson. there's two different events here and it's hard to keep them separated from each other. the first is getting the debt sealing lifted. that's the critical negotiation under way now. even if we get it lifted, eric's right. standard & poor's is saying even if you get it lifted it's how much you're willing to cut the deficits that they will really judge the triple-a rating of the united states on and if it's something less than $3 to $4 trillion in real...
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Jul 21, 2011
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if you have the democrats backing entitlement reform that's a big deal. the simpson/bowles commission should have pushed forward, and gang of six, and people are throwing tantrums and holding their breath -- >> moveon.org commissioner of the nfl, let's listen to a little sports news here -- >> you all set, gary? >> yes, sir. >> okay. good afternoon. the clubs approved an agreement that was negotiated with the players this afternoon. in addition to approving that agreement, we also approved a supplemental revenue-sharing system for the next ten years. with this ratification and with the ratification of the nflpa board, we will be prepared to open the training facilities beginning on saturday, this saturday. we will then be prepared to start the new league year next wednesday subject to the full membership of the players ratifying the agreement, recertifying as a unit. obviously you know that we're all in a time constraint. that's one of the reasons we worked to get this agreement completed tonight. we are unfortunately going to have to cancel the hall of f
if you have the democrats backing entitlement reform that's a big deal. the simpson/bowles commission should have pushed forward, and gang of six, and people are throwing tantrums and holding their breath -- >> moveon.org commissioner of the nfl, let's listen to a little sports news here -- >> you all set, gary? >> yes, sir. >> okay. good afternoon. the clubs approved an agreement that was negotiated with the players this afternoon. in addition to approving that...
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Jul 27, 2011
07/11
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the country may turn out to be the big loser if the crisis worsens, but the big winner is the tea party movement. they were enjoying the moment today. what happened. >> the tea party wanted the power and got power in the last mid-term elections, but now standing in the way of a deal to raise the debt ceiling, the world may get to see what they do with the power. >> the rally was small, but implications can be usage if leaders who now boast powerful positions in the senate and big numbers in the house -- insist it's their way or the highway. >> we have to hold the line and stand strong. we can't let down the people who elected us last november. >> tea party-backed republicans are hinting they may not go along with the debt deal that doesn't include a balanced budget and they don't buy into defaulting on obligations if the debt seely is not raised. >> this is artificial the president create and concocted a crisis. >> i don't believe the debt ceiling should be raised. i don't believe the ceiling has to be raised. secondly -- >> wouldn't we go into default? >> those of scare tactics. >> the
the country may turn out to be the big loser if the crisis worsens, but the big winner is the tea party movement. they were enjoying the moment today. what happened. >> the tea party wanted the power and got power in the last mid-term elections, but now standing in the way of a deal to raise the debt ceiling, the world may get to see what they do with the power. >> the rally was small, but implications can be usage if leaders who now boast powerful positions in the senate and big...
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Jul 19, 2011
07/11
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what you'd get under the big-ticket scenario is a drawing off the line. that's your $172 billion. the government is out of money if you don't increase the debt ceiling. what gets cut? military pay. wouldn't get their checks under this scenario. veterans checks, irs refund. if you're waiting for one you wouldn't get it. nutrition services, foods stamps, wouldn't get paid. federal salaries, education department, other and you heard him mention foreign aid to the palestinians. you have to make the choices and cut it off right here. that's one way. suppose you decided instead we'll put a priority on the social safety net. under this scenario, interest gets paid, social security gets paid, medicare and medicaid and those nutrition services that got cut off last time, you could pay them. housing grants would go out. veterans affairs, unemployment, education and tuition assistance. but under this set of priorities your line is down here and then you're at or slightly above that $172 billion. you cover most of the social safety net here but defense vendors wouldn't get paid. active duty m
what you'd get under the big-ticket scenario is a drawing off the line. that's your $172 billion. the government is out of money if you don't increase the debt ceiling. what gets cut? military pay. wouldn't get their checks under this scenario. veterans checks, irs refund. if you're waiting for one you wouldn't get it. nutrition services, foods stamps, wouldn't get paid. federal salaries, education department, other and you heard him mention foreign aid to the palestinians. you have to make the...
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Jul 22, 2011
07/11
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and i'm a big space geek. i love that. we'll see you back here tomorrow. "in the arena" starts right now. >>> good evening and welcome. i'm tom foreman. tonight we are getting mixed signals about a possible back room deal on the debt ceiling just hours away from what president obama at least at one point called a deadline for a decision. "the new york times" says president obama and the republican speaker of the house john boehner are close to an agreement. roughly it would involve $3 trillion in cuts and an eventual overhaul of the entire tax system. here's the catch, though. other sources are shooting down the idea that this is even happening as fast and hard as they can. listen to boehner himself earlier today on rush limbaugh's radio show. >> rush, there is no deal. no deal publicly, no deal privately. there is absolutely no deal. >> no deal, no deal, no deal. now, here's the white house spokesman jay carney. >> there is no deal. we are not close to a deal. we are -- obviously, the president is in discussions with all the leaders of congress as well as
and i'm a big space geek. i love that. we'll see you back here tomorrow. "in the arena" starts right now. >>> good evening and welcome. i'm tom foreman. tonight we are getting mixed signals about a possible back room deal on the debt ceiling just hours away from what president obama at least at one point called a deadline for a decision. "the new york times" says president obama and the republican speaker of the house john boehner are close to an agreement. roughly...
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Jul 27, 2011
07/11
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he's kind of a big deal within the beltway, a la youtube clips. i'll tweet out the link if you would like to hear it yourself. there's more buzz about house republicans. a movie about bank robbers, what they're listening to when they talk debt? >> the movie is called "the town" and republicans played a clip of the movie, affleck is in the movie, telling his buddy he needs some help, a lot of trust. i need your help, i can't tell you what it is, you can never ask me about it later and we're going to hurt some people. >> which car are we going to take? >> so they show this clip and then in the meeting, republican congressman allen west volunteers if figuratively to drive the car for the republican leadership, but not lost on all of this is what the affleck character in the movie actually does. he and his buddy basically engage in a violent beatdown of a couple of other guys at an apartment. and then suddenly this movie starts provoking jabs from democrats, including affleck. the huffington post reports that affleck says republicans ought to watch hi
he's kind of a big deal within the beltway, a la youtube clips. i'll tweet out the link if you would like to hear it yourself. there's more buzz about house republicans. a movie about bank robbers, what they're listening to when they talk debt? >> the movie is called "the town" and republicans played a clip of the movie, affleck is in the movie, telling his buddy he needs some help, a lot of trust. i need your help, i can't tell you what it is, you can never ask me about it...
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Jul 30, 2011
07/11
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that is a big statement. i'll tell you almost as quickly as we heard that come from the top republican in the senate we also heard from senate majority leader harry reid as he was returning to the capitol from a meeting at the white house with the president. he was asked if they were any closer to an agreement and reid said very firmly no. one reason could be is we're hearing from democratic leadership aides in the senate, the possible pessimism they said republicans have not moved off from their position that they support the house speaker john boehner's bill. what we're seeing a lot of is a lot of back and forth here. it is a very fluid situation as you know, wolf. one thing we're keeping our eye on is potential for a very late night, 1:00 a.m. vote, the first test, a test vote for senator reid's proposal to raise the federal debt ceiling as he's pushing that proposal forward at the same time. >> they need 60 votes for reid's proposal to get through the senate because the republicans at least some of them a
that is a big statement. i'll tell you almost as quickly as we heard that come from the top republican in the senate we also heard from senate majority leader harry reid as he was returning to the capitol from a meeting at the white house with the president. he was asked if they were any closer to an agreement and reid said very firmly no. one reason could be is we're hearing from democratic leadership aides in the senate, the possible pessimism they said republicans have not moved off from...